One thing that can supercharge the US economy is a massive overhaul of income tax regulations.
Imagine what the US economy would be like if we had the flat tax Steve Forbes proposed in 1996 or the FairTax proposal (H.R. 25/S. 122) instead of the current income tax--the result would unemployment rate approaching "replacement" level (5%) and DJIA approaching 22,000!
posted on 06/29/2013 4:43:04 AM PDT
(FairTax: America's economic cure)
Not if the regulations remain in place.
posted on 06/29/2013 4:43:44 AM PDT
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